BTCO vs. ARKB
Compare and contrast key facts about Invesco Galaxy Bitcoin ETF (BTCO) and ARK 21Shares Bitcoin ETF (ARKB).
BTCO and ARKB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCO is a passively managed fund by Invesco that tracks the performance of the Lukka Prime Reference Bitcoin Rate. It was launched on Jan 11, 2024. ARKB is a passively managed fund by ARK Investment Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. Both BTCO and ARKB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCO or ARKB.
Correlation
The correlation between BTCO and ARKB is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTCO vs. ARKB - Performance Comparison
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Key characteristics
BTCO:
1.23
ARKB:
1.22
BTCO:
1.84
ARKB:
1.84
BTCO:
1.22
ARKB:
1.22
BTCO:
2.26
ARKB:
2.25
BTCO:
4.96
ARKB:
4.93
BTCO:
12.78%
ARKB:
12.85%
BTCO:
53.31%
ARKB:
53.68%
BTCO:
-28.03%
ARKB:
-28.15%
BTCO:
-3.15%
ARKB:
-3.31%
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCO having a 10.47% return and ARKB slightly lower at 10.43%.
BTCO
10.47%
29.82%
34.24%
69.82%
N/A
N/A
ARKB
10.43%
29.77%
34.18%
69.85%
N/A
N/A
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BTCO vs. ARKB - Expense Ratio Comparison
BTCO has a 0.39% expense ratio, which is higher than ARKB's 0.21% expense ratio.
Risk-Adjusted Performance
BTCO vs. ARKB — Risk-Adjusted Performance Rank
BTCO
ARKB
BTCO vs. ARKB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and ARK 21Shares Bitcoin ETF (ARKB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
BTCO vs. ARKB - Dividend Comparison
Neither BTCO nor ARKB has paid dividends to shareholders.
Drawdowns
BTCO vs. ARKB - Drawdown Comparison
The maximum BTCO drawdown since its inception was -28.03%, roughly equal to the maximum ARKB drawdown of -28.15%. Use the drawdown chart below to compare losses from any high point for BTCO and ARKB. For additional features, visit the drawdowns tool.
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Volatility
BTCO vs. ARKB - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) and ARK 21Shares Bitcoin ETF (ARKB) have volatilities of 10.42% and 10.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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